The markets are slightly higher today after Greece approved tough austerity measures over the weekend. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $135.03, +0.60 (0.45%). As riots in Greece continue, the markets rejoice. For now, the European Union has been saved.

There is a key trend line on the SPDR S&P 500 ETF (NYSEARCA:SPY) stretching from January 31st, to the low of yesterday. This line has been hit multiple times between these two points and has bounced each and every time. Again, the market hammered this line twice in the morning session of trading today. Each time the 10 minute candle on the SPY closed below.

The markets are hovering slightly lower on the trading day. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $134.58, -0.21 (-0.16%). While the markets remain overbought, the free money policy of the Federal Reserve and light volume propping has created the best start in 25 years in the market. The scary aspect of this is that the rocket will eventually run out of fuel and fall to earth quickly.

Sometimes it is scary to see manipulation in full swing in the stock market. Actually, it is always scary to think such blatant manipulation can occur and by the leading powers in the "free" world. Let's set the stage. The markets opened slightly lower. No big deal here. They slowly inched lower on light volume, heading for the master support of $133.80 on the SPDR S&P 500 ETF (NYSEARCA:SPY).